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- W2338424508 abstract "This paper provides a quantitative assessment of the impact of demographic change on the distributions of income, skills, and welfare across and within generations in the German economy. The results suggest that demographic change causes a decline in the skill premium of 15 percentage points by the year 2050 meanwhile the college educated share of the workforce increases by about 3 percentage points. Welfare eects of demographic change are substantial and vary between 3% and +3% of consumption in every period of lifetime depending on skill group and generation. All currently living generations lose. Despite the drop in the skill premium demographic change benets skilled over unskilled households. A side result shows that past skill-biased technological change will put additional downward pressure on the future skill premium inducing severe welfare losses for college households of up to 8% of consumption in every period of lifetime. JEL classication: J11, J24, J22, I24, C68, D91" @default.
- W2338424508 created "2016-06-24" @default.
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- W2338424508 date "2015-01-01" @default.
- W2338424508 modified "2023-09-23" @default.
- W2338424508 title "On the Distributional Implications of Demographic Change" @default.
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